American Century Companies Inc. Has $25.84 Million Position in Colliers International Group Inc. $CIGI

Key Points

• American Century Companies Inc. reduced its stake in Colliers International Group by 4.1%, holding 213,082 shares valued at approximately $25.8 million as of the latest SEC filing.
• Colliers reported strong quarterly earnings with $1.72 EPS, surpassing analyst estimates of $1.52, and a revenue increase of 18.3% year-over-year, totaling $1.37 billion.
• The stock has recently been trading up 2.9% and currently holds a market capitalization of $8.29 billion with a P/E ratio of 76.15.

American Century Companies Inc. reduced its position in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 4.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 213,082 shares of the financial services provider's stock after selling 9,150 shares during the quarter. American Century Companies Inc. owned approximately 0.43% of Colliers International Group worth $25,838,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CIGI. TCTC Holdings LLC lifted its holdings in shares of Colliers International Group by 114.9% during the first quarter. TCTC Holdings LLC now owns 217 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 116 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in shares of Colliers International Group during the first quarter valued at $33,000. Tower Research Capital LLC TRC lifted its holdings in shares of Colliers International Group by 1,752.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 315 shares of the financial services provider's stock valued at $43,000 after acquiring an additional 298 shares during the period. Central Pacific Bank Trust Division lifted its holdings in shares of Colliers International Group by 10.0% during the first quarter. Central Pacific Bank Trust Division now owns 1,100 shares of the financial services provider's stock valued at $133,000 after acquiring an additional 100 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Colliers International Group by 13.9% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,435 shares of the financial services provider's stock valued at $174,000 after acquiring an additional 175 shares during the period. 80.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CIGI shares. JMP Securities started coverage on Colliers International Group in a report on Monday, July 21st. They set a "market perform" rating for the company. Stifel Nicolaus lifted their price objective on Colliers International Group from $165.00 to $180.00 and gave the company a "buy" rating in a report on Friday, August 1st. Citizens Jmp started coverage on Colliers International Group in a report on Monday, July 21st. They set a "market perform" rating for the company. Royal Bank Of Canada lifted their price objective on Colliers International Group from $175.00 to $185.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Finally, JPMorgan Chase & Co. lifted their price target on Colliers International Group from $137.00 to $181.00 and gave the company a "neutral" rating in a report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $172.30.

Colliers International Group Trading Down 0.1%

CIGI stock traded down $0.24 during midday trading on Thursday, reaching $166.13. The stock had a trading volume of 15,242 shares, compared to its average volume of 134,062. The business has a fifty day simple moving average of $145.18 and a two-hundred day simple moving average of $130.29. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.24. The firm has a market cap of $8.22 billion, a price-to-earnings ratio of 75.51 and a beta of 1.44. Colliers International Group Inc. has a twelve month low of $100.86 and a twelve month high of $170.65.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last announced its quarterly earnings data on Thursday, July 31st. The financial services provider reported $1.72 EPS for the quarter, topping analysts' consensus estimates of $1.52 by $0.20. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.29 billion. Colliers International Group had a return on equity of 20.82% and a net margin of 2.17%.The company's revenue was up 18.3% on a year-over-year basis. During the same period last year, the company earned $1.36 earnings per share. As a group, research analysts expect that Colliers International Group Inc. will post 6.2 EPS for the current fiscal year.

Colliers International Group Company Profile

Colliers International Group Inc provides commercial real estate professional and investment management services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers outsourcing and advisory services, such as engineering and project management, property management, valuation, and other services, as well as loan servicing for commercial real estate clients.